Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GREENBERG JEFFREY
   2. Issuer Name and Ticker or Trading Symbol
SKECHERS USA INC [SKX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
228 MANHATTAN BEACH BLVD.		 3. Date of Earliest Transaction (Month/Day/Year)
12/07/2007
(Street)

MANHATTAN BEACH, CA 90266		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock               3,799.537 D  
Class A Common Stock 12/07/2007   M   10,000 A $ 3.9375 13,799.537 D  
Class A Common Stock 12/07/2007   M   27,740 A $ 13 41,539.537 D  
Class A Common Stock 12/07/2007   M   25,000 A $ 6.95 66,539.537 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Common Stock (1) (2) 11/16/2007   G(3) V   2,332   (2)   (2) Class A Common Stock 2,332 (2) 552,726 I Jeffrey and Lori Greenberg Family Trust
Class B Common Stock (1) (2)               (2)   (2) Class A Common Stock 36,476   36,476 I Chloe July Greenberg 2004 Trust
Class B Common Stock (1) (2)               (2)   (2) Class A Common Stock 30,000   30,000 I Catherine Elle Greenberg 2006 Trust
Class B Common Stock (1) (2) 11/16/2007   G V   1,166   (2)   (2) Class A Common Stock 1,166 (2) 4,466 I Chloe July Greenberg UTMA/CA
Class B Common Stock (1) (2) 11/16/2007   G V   1,166   (2)   (2) Class A Common Stock 1,166 (2) 1,166 I Catherine Elle Greenberg UTMA/CA
Incentive Stock Option $ 3.9375 12/07/2007   M     10,000   (4) 02/01/2010 Class A Common Stock 10,000 $ 3.9375 0 D  
Incentive Stock Option $ 13 12/07/2007   M     27,740   (4) 07/06/2010 Class A Common Stock 27,740 $ 13 0 D  
Incentive Stock Option $ 6.95 12/07/2007   M     25,000   (4) 10/09/2012 Class A Common Stock 25,000 $ 6.95 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GREENBERG JEFFREY
228 MANHATTAN BEACH BLVD.
MANHATTAN BEACH, CA 90266		   X      

Signatures

 Jeffrey Greenberg   12/10/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Holders of Class A Common Stock and Class B Common Stock generally have identical rights, except that holders of Class A Common Stock are entitled to one vote per share while holders of Class B Common Stock are entitled to ten votes per share on matters to be voted on by shareholders.
(2) Shares of Class B Common Stock are convertible into Class A Common Stock on a one-for-one basis for no additional consideration at any time, with no expiration date, upon voluntary conversion by the holder of such shares or upon any sale or transfer of such shares with certain exceptions.
(3) The Jeffrey and Lori Greenberg Family Trust gifted an aggregate of 2,332 shares of Class B Common Stock on November 16, 2007. 1,166 shares were gifted to Jeffrey Greenberg's wife, Lori Greenberg, and the remaining 1,166 shares were gifted to two custodial accounts (583 shares per account), one each for the benefit of Jeffrey Greenberg's two minor children, and a third party is the custodian of each account. Lori Greenberg subsequently gifted the entire gift of 1,166 shares that she had received to the aforementioned custodial accounts, with each of the two accounts receiving an additional 583 shares.
(4) Option vested and became exercisable at the rate of 25% on the grant date and 25% on each anniversary thereof.

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